Ethics, Money and Strippers

May 16, 2006 5:17 pm

So much has been said about the unapproachable ethics, moral standard and culture of Edward Jones Brokers.  Here's today's quiz-

WHO was the Top Producer of all times at EDJ ; and WHY did he GET FIRED? (Don't give his real name-just location of office)

 OOOOHHHH this one is going to be fun!

RANK-NOGGIN-HULK put your green heads together- do you know the answer- OH YEAH- BUTkISS= throw in on this one man!

May 16, 2006 5:28 pm

Strippers? Where?

Ahhhhhh you just said that so more people would read!

May 16, 2006 5:57 pm

Pantiless Wednesdays?  TX

May 16, 2006 6:37 pm

There was a guy I heard of in a East Texas town that got canned for helping out his assistant.

May 16, 2006 7:43 pm

How about the guy who got fired for having porn in his VCR at the office.

May 16, 2006 7:47 pm

SECOND clue-

Ex IR- sort of right- It was "No Panty FRIDAY"

Keep guessing- it gets better...

May 16, 2006 8:11 pm

Wow...and to think I thought it was interesting to have a stripper for a CLIENT...apparently some Jones offices make that look pretty tame...

I told her that I couldn't take cash, but I know for a fact that she paid for her tax return with several twenties...and fifty-five ones.

May 16, 2006 9:10 pm

Spiked Wins!

That guy rocked.

Million Dollar Producer. Had 6 full time BOA's- four of whom he recruited from a local Strip Club! He owned a limo and would send one or two 'assistants' to pick clients' up for a Portfolio Review. They showed them the Mountain Charts- everybody was Happy- for awhile.

Then it all came crashing down- it always does. Seems he didn't pay bonuses on an even basis and one gal collected the reminders he would put on their desk in his own handwriting that said "Rememeber- tomorrow is NO Panty Friday!".

Sounded like a fun place to work.

May 16, 2006 9:18 pm

[quote=munytalks]

Spiked Wins!

That guy rocked.

Million Dollar Producer. Had 6 full time BOA's- four of whom he recruited from a local Strip Club! He owned a limo and would send one or two 'assistants' to pick clients' up for a Portfolio Review. They showed them the Mountain Charts- everybody was Happy- for awhile.

Then it all came crashing down- it always does. Seems he didn't pay bonuses on an even basis and one gal collected the reminders he would put on their desk in his own handwriting that said "Rememeber- tomorrow is NO Panty Friday!".

Sounded like a fun place to work.

[/quote]

Just curious, whatever happened to him?  Still in the business?

May 16, 2006 9:48 pm

[quote=munytalks]

Spiked Wins!

That guy rocked.

Million Dollar Producer. Had 6 full time BOA's- four of whom he recruited from a local Strip Club! He owned a limo and would send one or two 'assistants' to pick clients' up for a Portfolio Review. They showed them the Mountain Charts- everybody was Happy- for awhile.

Then it all came crashing down- it always does. Seems he didn't pay bonuses on an even basis and one gal collected the reminders he would put on their desk in his own handwriting that said "Rememeber- tomorrow is NO Panty Friday!".

Sounded like a fun place to work.

[/quote]

I am not defending him or his actions but if you are going to use this forum to bash someone you had better be sure of your facts.

May 16, 2006 10:17 pm

"That guy rocks!" (Sarcasm noted here)

Sorry I offended you Gone Indy. I didn't REALLY mean that he rocks. But he sure found a better way of building a booming business instead of Knocking on Doors.

I cannot verify that WHO he actually is. But I can verify the truth of the story.

Hope that helps you out.

BTW- MORAL of the story is- not ALL EDJ Top Producers are ministers living in hubble, rollingis sack cloth and ashes- as some would have you believe.

May 16, 2006 11:22 pm

Was this the true reason he was let go or parted ways? This came up on

another thread a while ago and someone else had a different take on this.

May 17, 2006 1:40 pm

No problem Muny, you didn't offend me.  I know the individual that everyone is talking about.  It's just funny that every time I hear the story told it becomes a little more fabricated.

May 17, 2006 4:44 pm

TRUTH and GONE INDY:

Here's how I got the story: (PS GONE-since you know him-may let him know this is how it gets around)

A GP in STL ranked between 5-10 in the firm told the story in an Italian Restaurant, during dinner, with another GP at the table of about 12. Myself and three other IR's were his intended audience. Don't have a CLUE why he told the story but he claimed to be on the council of peers doing the inquisition.

He said all was well in the office. There were never any complaints from clients nor from the staff on the after-hours activities. They closed the office early on Friday's to get paperwork done. Somehow along the way, Themed Friday's began. Sometimes they popped a porn flick in the video, etc. He was EXTREMELY well liked in his region and with his clients.

After bonuses were paid, one assistant discovered she did not get as much as the others. She filed a complaint with Human Resources in sTL claiming discrimination. They told her it was his choice how much to pay. She hired an attorney who said she could get more in Sexual harrassment but she needed proof. When he left the yellow post-it notes on their desks Thursday he signed his name. She filed a lawsuit.

STL had to settle with her out of court but she had to sign a gag order. According to the GP  telling the story, Jones had 'no choice' but to force his resignation as there is a zero tolerance policy on this.

Again, I did not bring this up to bash him. Why this was discussed at a dinner meeting, I have no idea. I wanted to point out that not all at Jones are pious, penniless poppers.

Jones was sorry to lose him. That was my take.

Jun 1, 2006 2:57 pm

IN REGARD TO GETTING FIRED FORM JONES FOR GOING TO A STRIP JOINT. I WOULD RATHER SEE A IR GO TO A STRIP JOINT, THAN TO STAND UP IN FRONT OF EVERY ONE MY WIFE AND KIDS INCLUDED. AT THE SUMMER REGIONAL AND INTRODUCE HIS HUSBAND TO EVERYONE. NOW LETS LOOK AT THE HOLLY EJ FAMILY. YOU CAN`T TAKE A GIRL FRIEND OF ANY PERIOD OF TIME. EVEN IF YOU LIVE TOGETHER . YOU MUST BE MARRIED IN THEIR EYES TO BE RIGHT . BUT YOU CAN TAKE YOUR QUEER HUSBAND AS LONG AS YOU SAY YOU ARE MARRIED EVEN THOUGH THE FEDERAL GOVERNMENT DOES NOT RECOGNIZE QUEERS GETTING MARRIED, JONES DOES!!! TRUE STORY THIS HAPPENED SEVERAL YEARS AGO AT A REGIONAL MEETING . THE IR COULD NOT WAIT TO GET UP AND INTRODUCE HIS HUSBAND. HOW DO I EXPLAIN TO MY CHILDREN I WORK FOR A VERY RIGHTEOUS COMPANY THAT HAS STONG FAMILY VALUES . YOU MUST WATCH HOW YOU LIVE. NOT GO TO ANY SHADY PLACE SUCH AS STRIP CLUBS. BUT A GOOD OLD FASHION TURKISH BATH HOUSE THAT HOUSE A BUNCH OF QUEERS IS OKAY!!!! ALL I CAN SAY IS I`M FREE AT LAST I`M FREE AT LAST THANK GOD ALL MIGHTY I FREE AT LAST !!!

Jun 1, 2006 3:03 pm

[quote=FREE AT LAST]

IN REGARD TO GETTING FIRED FORM JONES FOR GOING TO A STRIP JOINT. I WOULD RATHER SEE A IR GO TO A STRIP JOINT, THAN TO STAND UP IN FRONT OF EVERY ONE MY WIFE AND KIDS INCLUDED. AT THE SUMMER REGIONAL AND INTRODUCE HIS HUSBAND TO EVERYONE. NOW LETS LOOK AT THE HOLLY EJ FAMILY. YOU CAN`T TAKE A GIRL FRIEND OF ANY PERIOD OF TIME. EVEN IF YOU LIVE TOGETHER . YOU MUST BE MARRIED IN THEIR EYES TO BE RIGHT . BUT YOU CAN TAKE YOUR QUEER HUSBAND AS LONG AS YOU SAY YOU ARE MARRIED EVEN THOUGH THE FEDERAL GOVERNMENT DOES NOT RECOGNIZE QUEERS GETTING MARRIED, JONES DOES!!! TRUE STORY THIS HAPPENED SEVERAL YEARS AGO AT A REGIONAL MEETING . THE IR COULD NOT WAIT TO GET UP AND INTRODUCE HIS HUSBAND. HOW DO I EXPLAIN TO MY CHILDREN I WORK FOR A VERY RIGHTEOUS COMPANY THAT HAS STONG FAMILY VALUES . YOU MUST WATCH HOW YOU LIVE. NOT GO TO ANY SHADY PLACE SUCH AS STRIP CLUBS. BUT A GOOD OLD FASHION TURKISH BATH HOUSE THAT HOUSE A BUNCH OF QUEERS IS OKAY!!!! ALL I CAN SAY IS I`M FREE AT LAST I`M FREE AT LAST THANK GOD ALL MIGHTY I FREE AT LAST !!!

[/quote]

Free,

How many IR's are there in San Francisco?

Jun 1, 2006 3:27 pm

[quote=FREE AT LAST]

 ALL I CAN SAY IS IM FREE AT LAST IM FREE AT LAST THANK GOD ALL MIGHTY I FREE AT LAST !!!

[/quote]



Preach it brudda!
Jun 1, 2006 3:32 pm

FREE while I am happy for you that you left Ed Jones, you are ignorant. I hope this does not turn into a gay bashing thread. I am not homosexual but to berate those that are IMO is like making fun of someone’s race. Congratulations to you and your clients on the move. BTW I absolutely love strip joints and gambling so I was not the ideal EJ guy.

Jun 1, 2006 3:37 pm

Skol, the gerbil story isn’t gay bashing…it’s stupidity bashing.  Also, I think the original post’s real point is that EDJ is selective about what “morals” they regulate.  I too think it is ridiculous that they would sanction a gay couple and not sanction an unmarried heterosexual couple…what the heck is the difference on the “moral” meter!!!

Jun 1, 2006 3:41 pm

 Indy-Agreed. Additionally let me rephrase your post sounded ignorant you however may not be.

Jun 1, 2006 3:45 pm

[quote=skolbrother]FREE while I am happy for you that you left Ed Jones, you are ignorant. I hope this does not turn into a gay bashing thread. I am not homosexual but to berate those that are IMO is like making fun of someone's race. Congratulations to you and your clients on the move. BTW I absolutely love strip joints and gambling so I was not the ideal EJ guy.[/quote]

Skull

apppreciate your comments but the way I read it is that Jones is discriminating against peoples life styles. Folks that aren't married can't enjoy the benefits that the married ones can, hell I recall when Bachman was sporting his assistant. They have double standards, just another reason why they are so hated by former EMPLOYEES.

Jun 1, 2006 3:53 pm

You can rip on me but the language used in that post is inflammatory. Period.

Jun 1, 2006 4:29 pm

So instead of Jones-bashing we start gay-bashing?

I understand the message behind it, but talk about getting up on your soapbox...

Jun 1, 2006 4:31 pm

Just want to point out I only praised him for the "free at last"
comment.  I’m not one to bash, whether or not I agree with his,
uh, underlying values (I’m sure I saw them in their someplace)?

Jun 1, 2006 4:48 pm

[quote=BrokerRecruit]

So instead of Jones-bashing we start gay-bashing?

I understand the message behind it, but talk about getting up on your soapbox...

[/quote]

I agree BrokerRecruit.

At the risk of sounding liberal...Free, most kids don't notice stuff like that. At least MY kids don't. Kids look at things like, Why is that man in the wheelchair? Why is that lady fat? Why does that boy's hair look weird and he has all those earrings? Why is that little girl throwing a fit?

While I agree with your sentiment about mixed values - I don't agree with your point of view.

Jun 1, 2006 4:55 pm

[quote=Devoted SA][quote=BrokerRecruit]

So instead of Jones-bashing we start gay-bashing?

I understand the message behind it, but talk about getting up on your soapbox...

[/quote]

I agree BrokerRecruit.

At the risk of sounding liberal...Free, most kids don't notice stuff like that. At least MY kids don't. Kids look at things like, Why is that man in the wheelchair? Why is that lady fat? Why does that boy's hair look weird and he has all those earrings? Why is that little girl throwing a fit?

While I agree with your sentiment about mixed values - I don't agree with your point of view.

[/quote]

Should we contact Oprah or Dr Phil?

Jun 1, 2006 4:58 pm

Jonesescapee.....I think we should call Jerry!

Jerry! Jerry! Jerry! Jerry!

This way we get to see fights AND flash!

Jun 1, 2006 5:00 pm

[quote=jonesescapee][quote=Devoted SA][quote=BrokerRecruit]

So instead of Jones-bashing we start gay-bashing?

I understand the message behind it, but talk about getting up on your soapbox...

[/quote]

I agree BrokerRecruit.

At the risk of sounding liberal...Free, most kids don't notice stuff like that. At least MY kids don't. Kids look at things like, Why is that man in the wheelchair? Why is that lady fat? Why does that boy's hair look weird and he has all those earrings? Why is that little girl throwing a fit?

While I agree with your sentiment about mixed values - I don't agree with your point of view.

[/quote]

Should we contact Oprah or Dr Phil?

It seems to me the best person for YOU to contact might be Jerry Springer.

[/quote]
Jun 1, 2006 5:06 pm

Do Rosie or Ellen still have a show? 

Jun 1, 2006 5:13 pm

 I think Ellen does..she's funny.

Muny....let's hit Jerry together! I'll start a fight, you throw some chairs!

Jun 1, 2006 5:15 pm

[quote=Devoted SA]

 I think Ellen does..she's funny.

Muny....let's hit Jerry together! I'll start a fight, you throw some chairs!

[/quote]

I'll throw you some "Springer Beads" if you.... oh wait, that'll get us in trouble- HEY that's what started this thread in the first place!

Jun 1, 2006 5:29 pm

 Hey FREE,

how would Jones treat a transvestite?

Jun 1, 2006 5:47 pm

I DIDN`T KNOW I WOULD HIT SO MANY SORE SPOTS ON THIS SUBJECT. MY POINT WAS I DON`T CARE WHAT YOU DO OR HOW YOU LIVE YOUR LIFE.  LIVE YOUR LIFE AS YOU WANT. DON`T PUSH IT IN SOME ONES FACE AND DON`T TELL ME HOW TO LIVE MY LIFE. JONES WAS ALWAYS GOOD AT TELLING US HOW TO ACT WHAT TO SAY, WHEN TO SAY IT. AND YOU ARE ALWAYS BEING WATCHED BY BIG BROTHER. JUST LOOK AT WHEN YOU WERE AT ST. LOUIS. THEY KNOW WHEN YOU COME INTO YOUR ROOM AND WHEN YOU LEAVE WHO YOU CALLED , WHAT YOU WATCHED ETC.   OH AND NEXT TIME I`LL MAKE SURE I`M MORE POLITICALLY CORRECT. I`LL REFER TO THEM AS HOMOSEXUALS AND OR ALTERNATIVE LIFE STYLE  PEOPLE. BUT IN THE BIBLE BELT WE STILL CALL THEM QUEERS.

Jun 1, 2006 5:50 pm

Do you honestly expect us to believe that they monitor when you enter and leave your hotel room, much less your phone records or your TV watching habits?

Jun 1, 2006 5:53 pm

[quote=joedabrkr]Do you honestly expect us to believe that they monitor when you enter and leave your hotel room, much less your phone records or your TV watching habits? [/quote]

HELL YES!!!!!!!!

Jun 1, 2006 6:00 pm

YES I DO. ASK THE GP THAT TOLD US A STORY AT A BAR ONE NIGHT AFTER CLASS. THAT THEY FIRED A NEWBIE FOR CALLING UP A CALL GIRL  TO HIS ROOM. THEY LOOKED AT THE TIME  OF THE KEY CARDS WHEN HE WAS GOING IN AND OUT OF HIS ROOM. NOTICED HE HAD COMPANY ON SURVELANCE CAMERA , LOOKED AT THE OUT GOING CALLS ON THE ROOM PHONE .  IT WAS TO AN ESCORT SERVICE . HE WAS LATER REMOVED FORM THE CLASS AND SENT HOME . THERE WAS MORE TO THE STORY I`M SURE BUT THAT WAS THE MORAL OF THE STORY IS YES THEY DO WATCH EVERY THING YOU DO. ANOTHER IR WAS SPOTTED GOING INTO A STRIP CLUB HAPPENED TO HAVE A EJ SHIRT ON HE WAS FIRED TOO.

Jun 1, 2006 6:13 pm

Free

take your cap locks off...and stop making fun of people

Jun 1, 2006 6:17 pm

ACTUALLY, There is SOME truth to these stories and NOT.

These are known as Jones Urban Tales. They are stories that are told by GP's for the PURPOSE of :

a) Demonstrating a Lesson;

b) Giving an example of cause and effect;

c) a way to control the masses.

The stories have a BASIS of truth, but are retold by the General Partners in a way that indicates they are 'taking you into their confidence' and want you to know what can happen if you... etc, blah blah blah.

But as I have said before and others before me. They absolutely DO keep a very accurate record of each persons' comings and goings'.

Jun 1, 2006 6:19 pm

[quote=munytalks]

ACTUALLY, There is SOME truth to these stories and NOT.

These are known as Jones Urban Tales. They are stories that are told by GP's for the PURPOSE of :

a) Demonstrating a Lesson;

b) Giving an example of cause and effect;

c) a way to control the masses.

The stories have a BASIS of truth, but are retold by the General Partners in a way that indicates they are 'taking you into their confidence' and want you to know what can happen if you... etc, blah blah blah.

But as I have said before and others before me. They absolutely DO keep a very accurate record of each persons' comings and goings'.

[/quote]

Your to smart for me Mr. President

Jun 1, 2006 6:28 pm

What an f'd place to work. Let's hear it for strippers & gambling! If you're ever in Houston please be sure to visit Treasures.

Jun 1, 2006 6:28 pm

escapee,

Does Jones know you have internet access at work? 

Jun 1, 2006 6:29 pm

Oh, wait, you’ve escaped!

Jun 1, 2006 6:32 pm

Having escaped and being extremely happy about it, I have to admit my girlfriend (s) always made it to Jones regionals and hid in the room, because I would have been fired.  OK I feel saved now.  Maybe Bachmann could have brought his girlfriend also.

Jun 1, 2006 6:43 pm

They do talk out of both sides of their mouth, it seems.  I had a rep I know who was planning on going on a trip where they could bring one guest (ie., a spouse).  His spouse was unable to attend, so he planned on bringing his eldest son who was 13 or 14, something like that.  The company said that spouses were only allowed to attend.  A little weird from my perspective for such a great family organization.

Jun 1, 2006 7:14 pm

[quote=kkenney]Having escaped and being extremely happy about it, I have to admit my girlfriend (s) always made it to Jones regionals and hid in the room, because I would have been fired.  OK I feel saved now.  Maybe Bachmann could have brought his girlfriend also.[/quote]

I took my boyfriend and they never said aword ha..ha..

Jun 1, 2006 9:05 pm

Thank You Advisor1. Having been at the table more than once when a “Jones

Urban Tale” was born, I was wondering what the heck was up with this story

and WHY it was told - FURTHER the GP who told the tale is an Old Timer. It

ALL now makes sense.

The REAL moral of the story is… mess with Revenue Sharing for the GP’s and

you are dead meat, no matter how big a Producer you are. THEN so other

learn not to follow, they create a story that makes him look like a real low

life. Goes back to what Babbling, Spiked, Gone Indy, Myself and many others

have said all along, when you leave Jones they ruin your reputation. It’s how

they keep the masses in line and make the ones who stay appear to be

superior.

Wow, another example of the brain washing that goes on.

Jun 2, 2006 3:25 pm

Thank You Advisor1. Having been at the table more than once
when a "Jones Urban Tale" was born, I was wondering what the heck was
up with this story and WHY it was told - FURTHER the GP who told the tale
is an Old Timer. It ALL now makes sense.


The REAL moral of the story is... mess with Revenue Sharing for the
GP's and you are dead meat, no matter how big a Producer you are. THEN
so other learn not to follow, they create a story that makes him look like a
real low life. Goes back to what Babbling, Spiked, Gone Indy, Myself and
many others have said all along, when you leave Jones they ruin your
reputation. It's how they keep the masses in line and make the ones who
stay appear to be superior.


Wow, another example of the brain washing that goes on.


[/quote]


AMEN BROTHER!

Jun 2, 2006 4:39 pm

[

Thank You Advisor1. Having been at the table more than once

when a “Jones Urban Tale” was born, I was wondering what the heck was

up with this story and WHY it was told - FURTHER the GP who told the tale

is an Old Timer. It ALL now makes sense.



The REAL moral of the story is… mess with Revenue Sharing for the

GP’s and you are dead meat, no matter how big a Producer you are. THEN

so other learn not to follow, they create a story that makes him look like a

real low life. Goes back to what Babbling, Spiked, Gone Indy, Myself and

many others have said all along, when you leave Jones they ruin your

reputation. It’s how they keep the masses in line and make the ones who

stay appear to be superior.



Wow, another example of the brain washing that goes on. Ok maybe

I’m missing something. How did this guy mess with the revenue sharing

for the Geeps? Seems to me he HELPED it if Hartford PAID MORE?

Jun 2, 2006 5:26 pm

THE ANSWER TO THAT QUESTION WAS THE BROKER WAS RECIEVING MORE FROM HARTFORD NOT THE GPS. HARTFORD DIDNT PLAY THE EXTORSION GAME AS WELL AS JONES  WANTED. HARTFORD WANTED TO PAY THE PEOPLE WHOM  WERE DOING THE WORK. NOT THE FAT CAT GP`S .

Jun 2, 2006 5:28 pm

Joe, the key word in Advisor1's account is "Hartford pays more revenue
sharing to the rep..." and was carrying his P&L around showing how it
impacted his personal income. Hartford and I think Van Kampen pay more
UPFRONT in gross then the IR gets their cut. But, it used to be that an IR
also got a smidge of the Revenue sharing credited back on their P&L
based on the dollar amount held in the particular fund. That becomes
important -EXTREMELY important to the individual IR as their profit
number is the basis for Bonus AND Partnership offerings.


You see, if the Top Producer in the firm goes on the road with this type
of information- and TRUST ME it was NEVER TAUGHT in STL just how all
this came together...American funds was in trouble losing their number
one spot. They applied pressure to the jeeps in STL who in turn used the
first opportunity to show the left foot of fellowship out the door- and
ruin his reputation lest anyone begin to think he was on to something.
Which he was. And by showing the individual IR how to get a little bigger
piece of the pie for himself it spells disaster for those in control.


After Revenue Sharing became known to all, EDJ had to change the way
they pay- it became a percentage of all money held in all mutual funds-
and you should have seen the backlash of the veterans who knew they
were now getting screwed out money they felt they rightfully earned by
filling up the tanks of the funds who paid more on their P&L.


Does this help you?

Jun 2, 2006 7:00 pm

[quote=munytalks]

Joe, the key word in Advisor1’s account is “Hartford

pays more revenue sharing to the rep…” and was carrying his P&L around

showing how it impacted his personal income. Hartford and I think Van

Kampen pay more UPFRONT in gross then the IR gets their cut. But, it

used to be that an IR also got a smidge of the Revenue sharing credited

back on their P&L based on the dollar amount held in the particular fund.

That becomes important -EXTREMELY important to the individual IR as

their profit number is the basis for Bonus AND Partnership offerings.



You see, if the Top Producer in the firm goes on the road with this type

of information- and TRUST ME it was NEVER TAUGHT in STL just how all

this came together…American funds was in trouble losing their number

one spot. They applied pressure to the jeeps in STL who in turn used the

first opportunity to show the left foot of fellowship out the door- and

ruin his reputation lest anyone begin to think he was on to something.

Which he was. And by showing the individual IR how to get a little bigger

piece of the pie for himself it spells disaster for those in control.



After Revenue Sharing became known to all, EDJ had to change the way

they pay- it became a percentage of all money held in all mutual funds-

and you should have seen the backlash of the veterans who knew they

were now getting screwed out money they felt they rightfully earned by

filling up the tanks of the funds who paid more on their P&L.



Does this help you?

[/quote]thanks. wow…even for my jaded mind

that’s a lot to absorb…that these guys would do this stuff.EJ sucks. How

can anyone trust them?
Jun 2, 2006 7:20 pm

Joe,

THAT'S A GREAT QUESTION, I AM GLAD YOU ASKED THAT...

(This is the response we were taught to use when clients' presented objections)

How can anyone trust them? 

How did Jim Jones convince thousands of people to commit suicide? Why do you think references keep getting made between Jim Jones and Edward Jones and Kool-aid? It's all about mind control.